Founders Financial Alliance LLC Sells 485 Shares of Realty Income Co. (NYSE:O)

Founders Financial Alliance LLC decreased its position in shares of Realty Income Co. (NYSE:O) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,911 shares of the real estate investment trust’s stock after selling 485 shares during the quarter. Founders Financial Alliance LLC’s holdings in Realty Income were worth $423,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC acquired a new position in shares of Realty Income in the 3rd quarter valued at about $517,000. Assetmark Inc. increased its holdings in Realty Income by 12.9% in the third quarter. Assetmark Inc. now owns 55,802 shares of the real estate investment trust’s stock worth $3,539,000 after purchasing an additional 6,364 shares in the last quarter. Atria Investments Inc lifted its stake in Realty Income by 0.6% in the third quarter. Atria Investments Inc now owns 73,834 shares of the real estate investment trust’s stock valued at $4,683,000 after buying an additional 450 shares during the period. XML Financial LLC boosted its holdings in shares of Realty Income by 58.0% during the 3rd quarter. XML Financial LLC now owns 8,056 shares of the real estate investment trust’s stock worth $511,000 after buying an additional 2,956 shares in the last quarter. Finally, Sigma Planning Corp grew its position in shares of Realty Income by 13.5% during the 3rd quarter. Sigma Planning Corp now owns 40,217 shares of the real estate investment trust’s stock worth $2,551,000 after buying an additional 4,797 shares during the period. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on O. Mizuho dropped their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective on the stock. Scotiabank reduced their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Barclays upped their price target on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Finally, UBS Group reduced their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $62.04.

Realty Income Trading Down 0.0 %

NYSE O opened at $58.47 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $52.13 billion, a P/E ratio of 55.69, a PEG ratio of 2.10 and a beta of 1.00. The business has a fifty day simple moving average of $54.85 and a 200 day simple moving average of $57.81. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income (NYSE:O) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. On average, analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a $0.268 dividend. The ex-dividend date is Monday, March 3rd. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio is currently 327.55%.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust (“REIT”), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.